The Hegemon's Purse: No Economic Peace Between Democracies

Cox & Drury broaden the democratic peace literature from the domain of militarized conflict to economic sanctions. Their analysis of economic sanctions data from 1978 through 2000 finds that democracies are more likely to enact sanctions but are less likely to do so against other democracies. In this article, their analysis is extended in three different ways: first, their methodology and sample size are improved; second, interactions between variables are examined; and, third, additional hypotheses are tested. This article finds that the substantive effects of joint democracy on the likelihood of sanctions disappear after accounting for the disproportionate role of the United States (and correcting for method); the United States has a significantly different pattern of implementing sanctions than other states; and the trade dependence of a potential sender plays a significant role in determining the likelihood of sanctions.